Does the DCA strategy inspire newbies to invest?

[Derekfunds]

Discretionary income is the leftover fund after all your monthly expenses have being mad, which you can use to catch fun and get unnecessary things for yourself, therefore if being invested into bitcoin will be beneficial to you at the long run of the investment.

Use discretionary income to accumulate Bitcoin.Bitcoin is a very important asset. The value of Bitcoin will increase a lot in the future. New investors need to know about Bitcoin investment because they are not very knowledgeable yet because the price of Bitcoin is volatile. Every price is the right determinant for buying Bitcoin because currently the price of Bitcoin is very low.

How did you come about with such a conclusion? Don't be so quick to making lame assumptions, when nothing is for sure about how Bitcoin will perform in the future, but then we have reasons to be optimistic since Bitcoin historically performance was a tremendous one.... And yeah, coz of this uncertainty of the future of Bitcoin, the safest approach is for folks to always stay within their financial limits.. And then their investments should be done only with cash that they can comfortably afford to loose....

Historically Bitcoin has performed well, but how can you be sure that historical events will repeat themselves in the future? Don't be lame assumptions to compare past performance to future performance because investing emotionally will lose a lot. Keep discretionary income while investing because you don't know what will happen in the future. Invest the amount of funds that you won't be poor if you fully lose.

No one is 100 percent sure that Bitcoin will perform well in the future but may I remind you that Bitcoin has stayed more than a decade and inside this years Bitcoin has stayed and has been in existence, it has been repeating and following same pattern till now and so this is what gives us the hope and believe that it will keep on going that way in the future and I don't really need to educate you on this because I'm sure you have seen it yourself since you knew what is Bitcoin and like I said no one is 100 percent sure about how well Bitcoin will do in the future that is why we should use what we can afford to lose.

[Merit.s]

It is at least clear that DCA is not an emotion control machine, that is, if an investor uses DCA and immediately starts thinking that his emotions will be automatically controlled, then this is a completely wrong idea. It is very important to create a realistic framework by understanding his limitations. Initially, some investors have the idea that if they invest following the DCA strategy, they will not make any mistakes, rather, what they will do is right, but in reality this is not right because if an investor does not consider his income, expenses, remaining money, possible urgent needs, form an emergency fund, or decide not to sell the investment due to the possible price changes, then he can sell his investment at any time. That is why discipline and management are more important than strategy. There are many investors who invest relatively large amounts of money and still they can hold their investment for years, while there are some investors who invest little by little and cannot hold it for long and suddenly they have to sell it, the only reason for which is lack of proper management.  DCA is certainly an effective strategy for all types of investors, but only through proper management and long-term investment planning.

Figuring out your discretionary income and how much you can use to buy bitcoin without bothering you financially from your discretionary with the basic knowledge is enough for a new investor to use the DCA method to accumulate bitcoin overtime provided that he has a long-term investment mindset and is determined to achieve his bitcoin goal.

In life everything needs to be practiced before it can become part of you. Anyone that's interested to grow his bitcoin portfolio overtime will try and discipline himself to make sure that he buys with the right amount of discretionary income at the right time and before you know it, it will become a habit to him. Practice makes one perfect.

Emergency funds is very important for anyone that wants to be able to hodli his bitcoin investment for long term and come out successful because it's a backup fund to your bitcoin investment.

[Proty]

No one is 100 percent sure that Bitcoin will perform well in the future but may I remind you that Bitcoin has stayed more than a decade and inside this years Bitcoin has stayed and has been in existence, it has been repeating and following same pattern till now and so this is what gives us the hope and believe that it will keep on going that way in the future and I don't really need to educate you on this because I'm sure you have seen it yourself since you knew what is Bitcoin and like I said no one is 100 percent sure about how well Bitcoin will do in the future that is why we should use what we can afford to lose.

yes Long term investment isn't a guarantee for successful investment. The mindset that bitcoin investment will be successful because we are investing for a long term isn't right because no one can tell what the future holds for bitcoin. There is always new technology coming up as times goes by, so we can't say with certainty that investing in bitcoin for a long term is going to guarantee successful investment.

[Tungbulu]

An important point to be discussed here is that DCA investment does not make an investor disciplined, rather DCA investment becomes disciplined only when an investor can at least ensure that he should invest such an amount consistently and for emergency needs, he should form such a fund so that he does not have to sell his investment in the future. We can bring some investors as an example here who have increased the investment amount step by step after starting but the problem arose when they faced financial problems and at that time they had to sell due to lack of emergency funds, so what is the important point here? The important point here is that we have to ensure such an amount for continuous investment that will keep us stress-free as well as we have to form an emergency fund so that we do not have to sell our investment in case of sudden need.

Indeed, the DCA strategy may be quite an effective strategy but it sure needs one with discipline and one who knows how to navigate the financial system to effectively execute the DCA approach. The DCA isn’t just some magical strategy that suddenly makes everything possible, it’s just one strategy and without the investor’s awareness, it’s good for nothing.

There’s no doubt that an emergency fund is very essential for every investment, infact we can say it’s just as important as the investment itself if not more because without it, the investment itself is at a much greater risk. So while we are using any strategy including the DCA, we should let it do all the heavy lifting for us , we should always remember we have the bigger part to play in the picture.

[xiamin]

Discretionary income is the leftover fund after all your monthly expenses have being mad, which you can use to catch fun and get unnecessary things for yourself, therefore if being invested into bitcoin will be beneficial to you at the long run of the investment.

Use discretionary income to accumulate Bitcoin.Bitcoin is a very important asset. The value of Bitcoin will increase a lot in the future. New investors need to know about Bitcoin investment because they are not very knowledgeable yet because the price of Bitcoin is volatile. Every price is the right determinant for buying Bitcoin because currently the price of Bitcoin is very low.

How did you come about with such a conclusion? Don't be so quick to making lame assumptions, when nothing is for sure about how Bitcoin will perform in the future, but then we have reasons to be optimistic since Bitcoin historically performance was a tremendous one.... And yeah, coz of this uncertainty of the future of Bitcoin, the safest approach is for folks to always stay within their financial limits.. And then their investments should be done only with cash that they can comfortably afford to loose....

Historically Bitcoin has performed well, but how can you be sure that historical events will repeat themselves in the future? Don't be lame assumptions to compare past performance to future performance because investing emotionally will lose a lot. Keep discretionary income while investing because you don't know what will happen in the future. Invest the amount of funds that you won't be poor if you fully lose.

No one is 100 percent sure that Bitcoin will perform well in the future but may I remind you that Bitcoin has stayed more than a decade and inside this years Bitcoin has stayed and has been in existence, it has been repeating and following same pattern till now and so this is what gives us the hope and believe that it will keep on going that way in the future and I don't really need to educate you on this because I'm sure you have seen it yourself since you knew what is Bitcoin and like I said no one is 100 percent sure about how well Bitcoin will do in the future that is why we should use what we can afford to lose.

Sure - you can give advice on investing but before making a decision it is necessary to analyze the current market price situation and past history. Bitcoin has become an asset in the past 16 years. Satoshi founded Bitcoin to reduce over-reliance on the current financial system. This is the basic principle and that is how Bitcoin is moving forward. To acquire Bitcoin, you need to accumulate regularly. Bitcoin investment is the primary goal and to stay in this goal for the long term, Bitcoin should be accumulated through discretionary income.

Bitcoin progress and becoming a store of value in the past years has been possible due to the sustainable technology and structure and investors are holding it. This is not 100% guaranteed it is externally advised but the underlying factors will greatly influence you to increase your Bitcoin savings because this digital asset is a store of value.

[Joeboy]

Indeed, the DCA strategy may be quite an effective strategy but it sure needs one with discipline and one who knows how to navigate the financial system to effectively execute the DCA approach. The DCA isn’t just some magical strategy that suddenly makes everything possible, it’s just one strategy and without the investor’s awareness, it’s good for nothing.

There’s no doubt that an emergency fund is very essential for every investment, infact we can say it’s just as important as the investment itself if not more because without it, the investment itself is at a much greater risk. So while we are using any strategy including the DCA, we should let it do all the heavy lifting for us , we should always remember we have the bigger part to play in the picture.

I like suggesting that we folks shouldn't limit DCA to just some set of person. DCA is a strategy for everyone the rich, the young, the disciplined, the undisciplined, the wise and even the ignorant/ unwise folks...Sure there are some folks who are currently ignorant of properly executing the DCA approach, but then, just as we know Bitcoin is an investment that these folks learn better with experience. So if those ignorant fellow are able to start even with a little amounts and probably some guidance, am sure that they will soon get accustomed to all that is needed to know so as to enable them effectively execute DCA approach...

[RockBell]

I like suggesting that we folks shouldn't limit DCA to just some set of person. DCA is a strategy for everyone the rich, the young, the disciplined, the undisciplined, the wise and even the ignorant/ unwise folks...Sure there are some folks who are currently ignorant of properly executing the DCA approach, but then, just as we know Bitcoin is an investment that these folks learn better with experience. So if those ignorant fellow are able to start even with a little amounts and probably some guidance, am sure that they will soon get accustomed to all that is needed to know so as to enable them effectively execute DCA approach...

Whoever chooses to do DCA can do DCA it is not specifically for some set of people, and we need to understand that it takes more than just mentioning DCA. It comes with a lot of commitment because the purpose of its invention is to allow people to breathe. When it comes to DCA, you have to show that it is properly understood because most people don't even understand the whole thing, but we need to know that because most people are not even faithful, and all that can happen now is that when you have your emergency funds available, then any other thing should not be a problem.

When it comes to investment, people are always drawing back and that is why they can not even keep up with the method, and they need to understand. When it comes to this, you don't even need extra knowledge, the best thing is for you to just be dedicated, and there is nothing more when it comes to DCA. Just that people who are starting for the first time might find it very difficult, but with time, they will definitely adjust.

[Razmirraz]

Snip.

I like suggesting that we folks shouldn't limit DCA to just some set of person. DCA is a strategy for everyone the rich, the young, the disciplined, the undisciplined, the wise and even the ignorant/ unwise folks...Sure there are some folks who are currently ignorant of properly executing the DCA approach, but then, just as we know Bitcoin is an investment that these folks learn better with experience. So if those ignorant fellow are able to start even with a little amounts and probably some guidance, am sure that they will soon get accustomed to all that is needed to know so as to enable them effectively execute DCA approach...

I will try to explain this strategy in more detail. DCA is a "universal" strategy that can be applied by anyone regardless of background, knowledge, or financial ability. In this case, the most important thing is the courage to start and invest consistently. Every level of investor can use this strategy to reduce the risk of loss and increase the potential for profit. DCA also teaches us to improve discipline and consistency in investing and can help develop good investment habits. Beginner investors can also start investing with more confidence without having to worry about market timing, besides DCA can also help them learn through experience to increase their investment knowledge.

[ultrloa]

Indeed, the DCA strategy may be quite an effective strategy but it sure needs one with discipline and one who knows how to navigate the financial system to effectively execute the DCA approach. The DCA isn’t just some magical strategy that suddenly makes everything possible, it’s just one strategy and without the investor’s awareness, it’s good for nothing.

There’s no doubt that an emergency fund is very essential for every investment, infact we can say it’s just as important as the investment itself if not more because without it, the investment itself is at a much greater risk. So while we are using any strategy including the DCA, we should let it do all the heavy lifting for us , we should always remember we have the bigger part to play in the picture.

I like suggesting that we folks shouldn't limit DCA to just some set of person. DCA is a strategy for everyone the rich, the young, the disciplined, the undisciplined, the wise and even the ignorant/ unwise folks...Sure there are some folks who are currently ignorant of properly executing the DCA approach, but then, just as we know Bitcoin is an investment that these folks learn better with experience. So if those ignorant fellow are able to start even with a little amounts and probably some guidance, am sure that they will soon get accustomed to all that is needed to know so as to enable them effectively execute DCA approach...

DCA is not actually for certain type of people have capabilities to invest on Bitcoin, if they think about that I guess they have wrong interpretation about this strategy. This is universal strategy which can be used by anyone willing to invest on Bitcoin then aim for long years of investment.

One of important thing when they do this strategy is they need to be consistent, since even beginners don't understand well Bitcoin can do some small steps especially if they are guided or help themselves to research more information about this strategy. When they gather enough experience doing this strategy, for sure they find it useful and powerful especially for building steadily their wealth.

[Rabata]

No one is 100 percent sure that Bitcoin will perform well in the future but may I remind you that Bitcoin has stayed more than a decade and inside this years Bitcoin has stayed and has been in existence, it has been repeating and following same pattern till now and so this is what gives us the hope and believe that it will keep on going that way in the future and I don't really need to educate you on this because I'm sure you have seen it yourself since you knew what is Bitcoin and like I said no one is 100 percent sure about how well Bitcoin will do in the future that is why we should use what we can afford to lose.

New investors in Bitcoin are usually concerned about whether Bitcoin will perform well in the future or whether it will crash. In response to this question, I advise them to observe how Bitcoin has performed in the past years. Bitcoin has been around for more than a decade and is constantly rising, so it is unreasonable to expect Bitcoin to crash at this time though price correction and bearish trend can happen normally. After all I can say it is a good idea for new investors to try to reduce their initial investment risk.

DCA can motivate investors to invest by reducing risk. Through this, investors become more interested in investing. As a result, those who do DCA for a long time will be able to build a large portfolio of Bitcoin. A new investor does not have to use large sums, which reduce the fear of investment. The investor does not have to worry about bullish and bearish periods, rather is able to invest with confidence from the start.